TRADING UPDATES: Enteq in formal sale process; Powerhouse partners up
20th Jan 2025 16:03
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday. Read More
(Alliance News) - Enteq Technologies PLC on Friday said it is focused on preserving and managing its cash, with the current cash runway being shorter than anticipated. Read More
(Alliance News) - Enteq Technologies PLC on Wednesday said it generated revenue for its latest half year, with the commercialisation of its flagship SABER tool being the "primary focus" going forward. Read More
(Alliance News) - Enteq Technologies PLC on Wednesday said it anticipated strong demand in the energy industry for new competition as it reported an increased loss. Read More
(Alliance News) - Enteq Technologies PLC on Friday said Amir Absoud will become head of finance, replacing Mark Ritchie, the outgoing chief financial officer. Read More
Enteq Technologies PLC - Ascot, England-based energy services technology and equipment supplier - Expects to report revenue of about USD900,000 for the financial year ended 2024, down from USD6.2 million posted for financial 2023. The company says this reflects its sale of the XXT business for about USD3.2 million. Further, eyes adjusted loss before interest, tax, depreciation and amortisation of around USD2.9 million, widened from USD1.2 million in financial 2023. Meanwhile, the steer-at-bit enteq rotary, or SABER, tool and personnel are currently on-location in a live drilling environment in Australia, Enteq adds. "The build-programme for the further fleet of equipment is progressing as planned, with the major items now in stock at the Houston facility. Additional incremental performance and production improvements have been implemented and tested," it says. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Enteq Technologies PLC - Ascot, England-based energy services technology and equipment supplier - In the six months to September 30, pretax loss narrows 22% to USD594,000 from USD766,000 a year prior. Revenue dives to USD774,000 from USD4.9 million, however. Cost of sales decrease to USD1.3 million from USD3.5 million, while administrative expenses fall to USD79,000 from USD2.2 million. Looking ahead, the company says: "The SABER project has been substantially de-risked after the recent successful field-testing, with a fleet of the first generation of commercial tools currently being manufactured for deployment, to a customer contract which includes a first phase of customer testing, in addition to other potential opportunities." Read More
Enteq Technologies PLC - Ascot, England-based energy services technology and equipment supplier - On Friday, reports zero total revenue from continuing operations in the year ended March 31, unchanged from the year prior. Pretax loss was unchanged at USD1.6 million while basic loss per share was 2.0 pence compared to 2.2p. Read More
(Alliance News) - Stock prices in London were higher at midday on Wednesday, shaking off more disappointing China data, while focus turns to Thursday's US inflation reading and what that could mean for future Federal Reserve decisions. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More
(Alliance News) - Enteq Technologies PLC on Wednesday said its Saber drilling tool met test objectives during extensive downhole drilling testing in North America, providing a "game-changing" alternative to traditional rotary steerable systems. Read More
Enteq Technologies PLC - Ascot, England-based energy services technology and equipment supplier - Appoints Mark Ritchie as chief financial officer, starting on June 16 and succeeding current CFO, David Still. Read More
(Alliance News) - Enteq Technologies PLC on Wednesday reported the sale of intellectual property and gave an outlook for financial year 2023 that ended on March 31. Read More
(Alliance News) - Enteq Technologies PLC on Wednesday said it has sold its freehold premises in Houston, Texas for USD2.5 million. Read More
(Alliance News) - Enteq Technologies PLC on Wednesday said it has completed the preliminary live drilling testing for its tool Saber in a hard rock environment at a test-site in Norway. Read More